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101 E Black Horse Pike E, Pleasantville, NJ 08232
$549,000
101 E Black Horse Pike E, Pleasantville, NJ 08232View this property at 101 E Black Horse Pike E, Pleasantville, NJ 08232
101 E Black Horse Pike EPleasantvilleNJ08232
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Property Description
This stunning, multi-use renovated building offers numerous possibilities, and the lucky buyer will make a great return on this investment. Centrally Located on the corner of Black Horse Pike and Franklin Ave, the property underwent a complete renovation in 2008, resulting in a total available area of 5000 sqft, excluding an additional 800 sqft on the third floor. However, the tax records only indicate a size of 3628 sqft. With a large parking lot accommodating 12 to 15 cars, and boasting a strong business income, this property presents a prime opportunity. The first-floor commercial space spans 2500 sqft and has served as a beauty and wellness center for 16 years, generating substantial income. It features a spacious entrance room, five treatment rooms, a large training room, two full bathrooms, a first-floor laundry, and a sizable kitchen/dining area. Perfect for a salon, spa, nail shop, or professional offices, including medical practices, it could even be converted into a restaurant. The commercial space has the potential to yield significant rental income, ranging from $3000 to $3,500 per month. Additionally, one of the treatment rooms could be partitioned for residential renting, with its separate entrance. The second floor, also spanning 2500 sqft, comprises three large bedrooms, each with an attached full bathroom, two well-appointed kitchens, two generously sized sitting rooms, and a second laundry room. It can be rented out as two to three separate units, fetching as much as $2800 to $3,200 per month. The third floor offers an extra bonus, with 800 sqft of space featuring a full bathroom, an unfinished kitchen, and three rooms currently utilized for storage. This unit presents further profit potential if utilized effectively. Exiting the door leads to a spacious ceiling deck, providing a delightful relaxation spot during the summer months. The property boasts three entrances for different levels, along with two separate city water/PSEG meters,central air conditioning and interior and exterior security systems. It comes equipped with four refrigerators, multiple window air conditioners, TVs in each room, and beautiful furnishings. All equipment can be transferred at a very reasonable price. Furthermore, the seller offers financing options, with interest rates as low as 5.2%, significantly lower than commercial mortgage rates. The property is being sold strictly in "as is, where is" condition. This distinguished property presents a golden opportunity. Don't miss your chance to secure your best investment today! Schedule a viewing to witness the wonders of this property firsthand!
Full Property Details
Full Property Details for 101 E Black Horse Pike E
General
- Price: $549,000
- Taxes: $11,086 (2023)
- Status: Active
- Type: Retail
- MLS ID: NJAC2011434
- Updated: 5/7/2024
- Added to Site: 64 day(s) ago
Business
- Business Type: Bed and Breakfast, Day Care Facility, Hair Salon and
Rooms
Bathrooms
- Restrooms: 5
Parking
- Total Spaces: 12
- Parking Features: Private
- Parking Type: Parking Lot
Location
- Area: Pleasantville City (20119)
- Municipality: PLEASANTVILLE CITY
- County: Atlantic
- Development Name: Pleasantville City
- Subdivision: Pleasantville City
- Driving Directions: Use GPS
- Location Details: Business District
Heating & Cooling
- Central air: Yes
- Cooling Type: Attic Fan, Multi Units, Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Natural Gas, Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available, Electric Available
Structural Information
- Construction: Brick, Brick Front, Concrete
- # Loading Docks: 1
- Entry Floor Number: 1
- Stories/Levels: 2
- Year Built: 1930
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: City
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,147
- Lot Size Source: Estimated
- Zoning: UEZC
Financial Considerations
- Price Per Sq. Ft.: $94.66
- Assessment Year: 2023
- Tax w/Assessment: $216,700
- Tax Amount: $11,086
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 1
Listed by Tesla Realty Group LLC, Yongmei Tan
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Schools
Schools serving 101 E Black Horse Pike E
School District:Pleasantville Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
701 Mill Rd, Pleasantville, NJ 08232 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 101 E Black Horse Pike E
Date
Details
Price
Change
Source
5/07/2024
Price Reduced
$549,000
-8.35%
MLS
3/16/2024
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 101 E Black Horse Pike E
Year
Property Taxes
Change
Tax Assessment
Change
2022
$10,698
3%
$216,700
—
2021
$10,389
—
$216,700
—
2020
$10,343
-5%
$216,700
—
2019
$10,902
—
$216,700
-4%
2019
$10,902
-21%
$226,000
-23%
2018
$13,757
6%
$294,400
—
2017
$12,980
10%
$294,400
—
2016
$11,761
4%
$294,400
—
2015
$11,267
-15%
$294,400
-26%
2013
$13,288
—
$400,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 101 E Black Horse Pike E
101 E Black Horse Pike E, Pleasantville, NJ 08232 (MLS# NJAC2011434) is a Retail property. 101 E Black Horse Pike E is currently listed for $549,000 and was received on March 16, 2024. Want to learn more about 101 E Black Horse Pike E? Do you have questions about finding other Retail real estate for sale in Pleasantville? You can browse all Pleasantville real estate or contact a Coldwell Banker agent to request more information.